Municipal disclosure

Walter told The Bond Buyer she has been hearing the same push for transparency since her start at the SEC.

The SEC said that the timeliness of disclosures is a “major challenge” in the secondary market for municipal securities.

NFMA says investors provide access to capital, so the group expects disclosure from issuers in return.

State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.

The idea of giving more enforcement powers to the SEC doesn't sit well with issuer officials.

SEC staff stayed consistent with its message that antifraud provisions apply to all public statements made by issuers.

The submission calculator received criticism from issuers and analysts with some saying it isn't ready for "prime time."

The topic of issuer disclosure timing has heated up in recent months, and widened a divide between issuers and analysts.

While scrutiny of climate risks grows for municipal bond issuers, so do opportunities to broaden investor interest.

Municipal bond issuers say investors, analysts and regulators should narrow down the information they are looking for in their push for more disclosure.

The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

Nicole Byrd, a senior investment professional at Nationwide Mutual Insurance, will be the National Federation of Municipal Analysts chair for the next year.

Wisconsin's latest and historical financials, ratings, offering statements, and contacts are now available at Wisconsinbonds.com

Buy side analysts are skeptical about broker-dealer concerns that the order could greatly expand the private placement market.

The median time it takes for municipal bond borrowers to complete their annual audits was 156 days for fiscal 2018: equal to the slowest time in the past 11 years.

Robert Berry was named to replace Mark Campbell as head of the California Debt and Investment Advisory Commission.

The Financial Industry Regulatory Authority released its annual Risk Monitoring and Examinations Priorities letter Thursday.

As interest in climate change and its impact on munis have both skyrocketed, data and research providers hope to move the needle further on those issues for the muni investment world.

The authority is making an investor push ahead of two upcoming deals.